Drydocks, Goltens in strategic partnership

Dubai, February 16, 2012

Drydocks World, the international player in ship building, has signed a memorandum of understanding with Goltens, a global maintenance and mechanical works firm, aiming to take advantage of each other’s strengths.

“We are delighted to have entered into this MoU with Goltens, which is a well-known global service provider for specialized mechanical works,” said Khamis Juma Buamim, chairman of Drydocks World and Maritime World.

“We believe in working in partnership with like-minded individuals and organisations to broaden our reach and support the industry with our considerable combined expertise.”

“The unified front of the two companies will be a strategic alliance that will enable both companies achieve better market penetration for smaller sized vessels and for developing it further in a manner that is mutually beneficial, by way of increased market share, better service to the clients,” he added.

While Drydocks World is an international entity with good infrastructure, strong reputation in ship repair, ship conversion and ship building and sizeable workforce, Goltens is an international company with a strong brand name, strategically located worldwide dealing in specialist services (diesel overhauls, in-situ machining, mechanical, etc.) with a large customer base.

The combination of both companies as a common face to the customers will produce a strong brand leverage, locally and internationally, a statement said.

“The underlying basis of the cooperation is to produce a cohesive brand to the marine industry. Synergizing different skill strengths of DDW-D and Goltens, will serve as an added advantage in providing quality service including specialized services with adequate infrastructure, technological knowhow, leading to increased business for both companies,” said Paul Friedberg, president, Goltens Worldwide Board.

“The combination will provide both companies a critical edge to mitigate new competition arising in the regions and assimilate increasing business volumes,” he added.

Goltens, which has a strong presence in the Middle East and across 21 locations around the globe, is under a long term Musataha ground development agreement for two plots within Dubai Maritime City. – TradeArabia News Service